The latest Standard & Poor's Case-Shiller Housing Index shows that Dallas home prices rose for the 3rd consecutive month. Only one other city in the index, Denver, can claim the same upbeat 3-month performance. Dallas also has had the lowest year over year decline in the index at -4.1% when compared to May, 2008.
Nationwide, the pace of the home price descent seems to have slowed. Case-Shiller tracks the prices of typical single-family homes located in each metropolitan area. The index survey does not include condominiums and townhouses. It only covers pre-owned properties – no new construction.